Awhile back in our weekly blog, we noted that if Phoenix Metro wages remained low or stable, high rates of appreciation, as witnessed by a number of our West Coast neighbors, would not happen here. Greater home purchasing power was needed. Also,…
As is most often the case with Valley real estate sales and values, the third quarter of each sales year seems to slump. This just completed quarter was no different. I wonder if just being in the summer melting pot itself isn’t…
The number of pending sales (under contract) for the Phoenix Metro market is typically slow this time of year. Sales peak in Spring and early summer and then slide the remainder of the year. September Pending sales this year are no different…
We continue to hear rumblings that our local real estate market may be in a housing bubble. Don’t get me wrong housing bubbles are real. If you look at the appreciation chart below, these bubbles have happened to us twice in the…
Buyers in our fair Metropolis (or not so fair – 117 tomorrow, Yikes!) Are having as rough a time as ever snagging affordable homes. We’ve talked a lot about rising prices but that’s not the only issue these prospective home owners face….
It isn’t unusual that we get a call that goes something like “We just spent a lot of money getting our house ready for the market, when can you list it?” Believe it or not, this phone call scares me to death!…
When it comes to the rates of appreciation for our towns and cities, the Cromford Report periodically publishes a terrific chart for our top 50 cities and towns, which we’ve included below. If you’re an investor type looking for a great rate…
Our summer heat’s been turned up, and the heat of the real estate sales market has as well. As home values approach the record high numbers of 2005, some folks with longer memories are whispering the “B and B” words, as in…
Last week, the Wall Street Journal (WSJ) published a story titled “Era of Ultracheap Mortgages Ends as Rates Hit 7 year High.” https://www.wsj.com/articles/the-era-of-low-mortgage-rates-is-over-1526635801 Well this took me back to a bygone era. In 1982, a wonderful friend and fellow Realtor in my…
Arizona education is in the news, inside and outside of Arizona. We’re all familiar with the recent #RedforEd movement that took place across the country and successfully in Arizona. Per this effort, Arizona public school teachers will most likely be getting a…